Natrona County vs. Wyoming
Comparative Trends Analysis:
Per Capita Personal Income Growth and Change, 1969-2021
Introduction
Natrona County vs. Wyoming
Natrona County:
2021 PCI = $70,175
2021 Percent of State = 100.7%
Wyoming:
2021 PCI = $69,666
Per Capita Income (PCI) is one of the most widely used indicators for gauging the economic performance and changing fortunes of local economies. It is used as a yardstick to assess the economic well being of a region's residents and the quality of consumer markets. It serves as a barometer for calibrating the economic performance of a region over time and to judge differences in relative economic prosperity between regions. Shifting trends in local per capita income growth have important social and political ramifications and significant implications in formulating local economic development strategies and initiatives.
Data Definition:
This measure of income is calculated as the total personal income of the residents of an area divided by the population of the area. Per capita personal income is often used as an indicator of consumers' purchasing power and of the economic well-being of the residents of an area.
Personal income is measured as a flow throughout the year, while the measurement of population is at one point in mid-year. Therefore, per capita income is distorted if a significant change in population occurs during the year.
For smaller counties in particular, per capita income in any given year may be exceptionally high or low for the short run because of unusual local conditions, such as a bumper crop, a catastrophe, or a major construction project as the building of a dam or nuclear power plant.
Farm incomes are notorious for being especially volatile year-to-year, owing to changing weather, commodity market conditions, and alterations in government programs. Therefore, the per capita income of farm-dependent counties may exhibit sharp fluctuations over time.
The presence of large institutional populations--such as residents attending a local college or the residents of a local prison or state mental institution--can significantly lower the per capita income estimates of an area. Such results may not reflect the relative economic well being of the non-institutional population and may mislead if care is not given to their interpretation.
Natrona County Per Capita Personal Income, 1970-2021
Current vs. Constant Dollars
Natrona County Per Capita Personal Income, 1970-2021
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Natrona County's annual per capita personal income over 1970-2021 in current and constant (2012) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Natrona County over time.
When measured in current dollars, Natrona County's per capita personal income increased 1,393.6%, from $4,698 in 1970 to $70,175 in 2021. When measured in constant 2012 dollars to adjust for inflation, it advanced 170.1%, from $22,470 in 1970 to $60,694 in 2021.
Real Per Capita Personal Income, 1969-2021
Real Per Capita Personal Income, 1969-2021
Figure 2.
Figure 2 tracks Natrona County's and Wyoming's annual real per capita personal income for the period 1969-2021 to illustrate real per capita personal income patterns over time. During this 53-year period, Natrona County's real per capita personal income rose from $21,855 in 1969 to $60,694 in 2021, for a net gain of $38,839, or 177.7%. In comparison, Wyoming's real per capita personal income advanced from $18,542 in 1969 to $60,254 in 2021, for a net advance of $41,712, or 225.0%.
Real Per Capita Personal Income Indices (1969=100): 1969-2021
Real Per Capita Personal Income Indices (1969=100): 1969-2021
Figure 3.
Figure 3 portrays Natrona County's real per capita personal income growth in a broader context by offering direct comparisons across time with Wyoming, the United States. The growth indices shown here express each region's real per capita personal income in 1969 as a base figure of 100, and the real per capita personal incomes in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real per capita personal income growth between regions that may differ vastly in size.
Natrona County's overall real per capita personal income growth was 177.7% over 1969-2021 trailed Wyoming's increase of 225.0%, and fell below the United States' increase of 181.9%.
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2021
Per Capita Personal Income as a Percent of the U.S. Average: 1969-2021
Figure 4.
Figure 4 displays the trends for per capita personal income relative to the national average by tracing Natrona County and Wyoming per capita personal income as a percent of the national average over 1969-2021.
In 1969, Natrona County's per capita personal income amounted to 111.1% of the national average; in 2021, it approximated 109.4%. Similarly, in 1969, Wyoming's per capita personal income totaled 94.2% of the national average; in 2021, it consisted of 108.6%.
Natrona County Real Per Capita Personal Income:
Annual Percent Change, 1970-2021
Natrona County Real Per Capita Personal Income:
Annual Percent Change, 1970-2021
Figure 5.
Figure 5 highlights the short-run pattern of Natrona County's real per capita personal income growth by tracking the year-to-year percent change over 1970-2021. The average annual percent change for the entire 52-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Natrona County's real per capita personal income grew at an annual rate of 2.18% over 1970-2021. The county posted its highest growth in 2006 (12.14%) and recorded its lowest growth in 2009 (-15.15%). In 2021, Natrona County's real per capita personal income grew by 0.34%
Natrona County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2021
Natrona County Real Per Capita Personal Income:
Annual Percent Change and Decade Averages Over 1970-2021
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again shows the annual percent change in Natrona County's real per capita personal income since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2021.
During the 1970s, Natrona County's annual real per capita personal income growth rate averaged 4.81%. It averaged -0.82% throughout the 1980s, 1.91% during the 1990s, 2.88% during the 2000s, 2.99% throughout the 2010s, -2.19% thus far this decade (2020-2021).
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Real Per Capita Personal Income Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Natrona County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Natrona County's average annual real per capita personal income growth exceeded Wyoming's average throughout the 1970s (4.81% vs. 4.27%), fell below Wyoming's average throughout the 1980s (-0.82% vs. -0.15%), recorded under Wyoming's average in the 1990s (1.91% vs. 2.77%), led Wyoming's average during the 2000s (2.88% vs. 2.87%), surpassed Wyoming's average during the 2010s (2.99% vs. 2.17%), and trailed Wyoming's average over the 2 year period of the current decade, 2020-2021 (-2.19% vs. 1.64%).
Finally, relative to nationwide real per capita personal income growth trends, Natrona County outpaced the nation in the 1970s (4.81% vs. 2.37%), fell under the nation over the 1980s (-0.82% vs. 2.20%), fell under the nation during the 1990s (1.91% vs. 2.04%), outperformed the nation throughout the 2000s (2.88% vs. 1.08%), led the nation over the 2010s (2.99% vs. 2.04%), and posted below the nation over 2020-2021 (-2.19% vs. 4.13%).
   
 
Real* Per Capita Personal Income Growth:
Average Annual Percent Change
 
 
 
2.18
4.81
-0.82
1.91
2.88
2.99
-2.19
0.34
 
2.36
4.27
-0.15
2.77
2.87
2.17
1.64
1.80
 
2.03
2.37
2.20
2.04
1.08
2.04
4.13
3.17
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Natrona County:
Per Capita Personal Income, 1969-2021
 
1969
 
4,366
0.200
21,855
100.0
N
117.87
111.07
1970
 
4,698
0.209
22,470
102.8
2.81
116.35
111.92
1971
 
4,977
0.218
22,833
104.5
1.62
113.01
111.33
1972
 
5,212
0.225
23,121
105.8
1.26
107.32
107.31
1973
 
6,018
0.238
25,331
115.9
9.56
108.01
112.21
1974
 
7,281
0.262
27,758
127.0
9.58
115.26
124.76
1975
 
8,357
0.284
29,412
134.6
5.96
121.95
132.16
1976
 
8,843
0.300
29,502
135.0
0.31
120.98
128.62
1977
 
10,273
0.319
32,182
147.3
9.08
125.25
136.69
1978
 
11,740
0.341
34,383
157.3
6.84
125.41
140.50
1979
 
12,927
0.372
34,770
159.1
1.13
123.85
140.02
1980
 
14,011
0.412
34,021
155.7
-2.15
120.65
137.63
1981
 
15,738
0.449
35,073
160.5
3.09
122.84
139.27
1982
 
15,654
0.474
33,052
151.2
-5.76
119.81
130.46
1983
 
14,707
0.494
29,784
136.3
-9.89
114.27
115.82
1984
 
15,708
0.512
30,653
140.3
2.92
115.66
112.95
1985
 
15,861
0.530
29,908
136.8
-2.43
110.68
107.50
1986
 
14,931
0.542
27,556
126.1
-7.86
103.78
96.39
1987
 
16,073
0.559
28,776
131.7
4.43
111.68
98.68
1988
 
16,786
0.580
28,923
132.3
0.51
111.49
96.17
1989
 
19,084
0.606
31,506
144.2
8.93
114.46
102.18
1990
 
21,219
0.632
33,559
153.6
6.52
116.93
108.15
1991
 
20,984
0.653
32,113
146.9
-4.31
111.51
104.76
1992
 
21,954
0.671
32,725
149.7
1.91
112.11
104.10
1993
 
22,807
0.688
33,170
151.8
1.36
111.69
104.94
1994
 
22,973
0.702
32,729
149.8
-1.33
109.22
101.76
1995
 
23,230
0.717
32,412
148.3
-0.97
106.47
98.40
1996
 
24,140
0.732
32,976
150.9
1.74
106.38
97.45
1997
 
26,101
0.745
35,046
160.4
6.28
107.49
100.42
1998
 
27,275
0.751
36,332
166.2
3.67
105.90
98.98
1999
 
28,851
0.762
37,880
173.3
4.26
104.84
100.55
2000
 
32,638
0.781
41,795
191.2
10.34
110.24
106.41
2001
 
31,934
0.797
40,090
183.4
-4.08
101.87
101.00
2002
 
32,336
0.807
40,068
183.3
-0.06
101.51
101.56
2003
 
34,104
0.824
41,390
189.4
3.30
101.24
104.24
2004
 
36,115
0.844
42,768
195.7
3.33
100.14
105.35
2005
 
40,633
0.869
46,771
214.0
9.36
103.17
113.28
2006
 
46,850
0.893
52,450
240.0
12.14
105.30
122.90
2007
 
47,331
0.916
51,663
236.4
-1.50
102.28
118.67
2008
 
54,133
0.943
57,390
262.6
11.08
108.82
131.95
2009
 
45,806
0.941
48,697
222.8
-15.15
102.79
116.39
2010
 
50,545
0.957
52,791
241.6
8.41
108.35
124.24
2011
 
54,338
0.982
55,351
253.3
4.85
107.00
127.11
2012
 
61,238
1.000
61,238
280.2
10.64
112.96
137.47
2013
 
63,719
1.014
62,868
287.7
2.66
118.49
142.23
2014
 
71,761
1.029
69,748
319.1
10.94
124.26
153.05
2015
 
74,099
1.031
71,860
328.8
3.03
128.10
152.07
2016
 
64,295
1.041
61,734
282.5
-14.09
117.27
129.59
2017
 
63,472
1.061
59,848
273.8
-3.05
110.99
123.13
2018
 
71,637
1.083
66,136
302.6
10.51
118.46
133.19
2019
 
69,791
1.099
63,485
290.5
-4.01
108.85
124.07
2020
 
67,229
1.111
60,488
276.8
-4.72
102.20
112.49
2021
 
70,175
1.156
60,694
277.7
0.34
100.73
109.40
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Wyoming:
Per Capita Personal Income, 1969-2021
 
1969
 
3,704
0.200
18,542
100.0
N
94.23
1970
 
4,038
0.209
19,312
104.2
4.16
96.20
1971
 
4,404
0.218
20,205
109.0
4.62
98.51
1972
 
4,856
0.225
21,544
116.2
6.63
99.99
1973
 
5,571
0.238
23,452
126.5
8.86
103.88
1974
 
6,317
0.262
24,082
129.9
2.69
108.24
1975
 
6,853
0.284
24,117
130.1
0.14
108.37
1976
 
7,309
0.300
24,385
131.5
1.11
106.31
1977
 
8,203
0.319
25,695
138.6
5.37
109.14
1978
 
9,361
0.341
27,416
147.9
6.70
112.03
1979
 
10,437
0.372
28,074
151.4
2.40
113.05
1980
 
11,612
0.412
28,197
152.1
0.44
114.07
1981
 
12,812
0.449
28,553
154.0
1.26
113.38
1982
 
13,066
0.474
27,588
148.8
-3.38
108.89
1983
 
12,870
0.494
26,064
140.6
-5.52
101.35
1984
 
13,581
0.512
26,504
142.9
1.69
97.66
1985
 
14,330
0.530
27,021
145.7
1.95
97.12
1986
 
14,387
0.542
26,552
143.2
-1.74
92.88
1987
 
14,392
0.559
25,766
139.0
-2.96
88.35
1988
 
15,056
0.580
25,942
139.9
0.68
86.25
1989
 
16,673
0.606
27,526
148.5
6.11
89.27
1990
 
18,147
0.632
28,700
154.8
4.26
92.49
1991
 
18,818
0.653
28,798
155.3
0.34
93.95
1992
 
19,583
0.671
29,191
157.4
1.36
92.86
1993
 
20,419
0.688
29,697
160.2
1.73
93.96
1994
 
21,034
0.702
29,967
161.6
0.91
93.17
1995
 
21,818
0.717
30,442
164.2
1.59
92.42
1996
 
22,693
0.732
30,999
167.2
1.83
91.61
1997
 
24,282
0.745
32,603
175.8
5.18
93.42
1998
 
25,755
0.751
34,308
185.0
5.23
93.46
1999
 
27,518
0.762
36,130
194.9
5.31
95.90
2000
 
29,607
0.781
37,914
204.5
4.94
96.53
2001
 
31,347
0.797
39,353
212.2
3.80
99.15
2002
 
31,854
0.807
39,471
212.9
0.30
100.05
2003
 
33,686
0.824
40,882
220.5
3.57
102.96
2004
 
36,065
0.844
42,709
230.3
4.47
105.21
2005
 
39,385
0.869
45,335
244.5
6.15
109.80
2006
 
44,492
0.893
49,811
268.6
9.87
116.72
2007
 
46,278
0.916
50,514
272.4
1.41
116.03
2008
 
49,746
0.943
52,738
284.4
4.40
121.25
2009
 
44,564
0.941
47,377
255.5
-10.17
113.23
2010
 
46,649
0.957
48,721
262.8
2.84
114.66
2011
 
50,783
0.982
51,729
279.0
6.18
118.80
2012
 
54,213
1.000
54,213
292.4
4.80
121.70
2013
 
53,776
1.014
53,058
286.2
-2.13
120.04
2014
 
57,749
1.029
56,129
302.7
5.79
123.17
2015
 
57,846
1.031
56,098
302.6
-0.05
118.72
2016
 
54,827
1.041
52,644
283.9
-6.16
110.51
2017
 
57,184
1.061
53,920
290.8
2.42
110.93
2018
 
60,472
1.083
55,829
301.1
3.54
112.43
2019
 
64,117
1.099
58,324
314.6
4.47
113.99
2020
 
65,782
1.111
59,186
319.2
1.48
110.07
2021
 
69,666
1.156
60,254
325.0
1.80
108.61
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_700_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Per Capita Personal Income, 1969-2021
 
1969
 
3,931
0.200
19,677
100.0
N
1970
 
4,198
0.209
20,076
102.0
2.03
1971
 
4,471
0.218
20,510
104.2
2.16
1972
 
4,857
0.225
21,546
109.5
5.05
1973
 
5,363
0.238
22,575
114.7
4.78
1974
 
5,836
0.262
22,248
113.1
-1.45
1975
 
6,324
0.284
22,255
113.1
0.03
1976
 
6,875
0.300
22,937
116.6
3.06
1977
 
7,516
0.319
23,543
119.6
2.64
1978
 
8,356
0.341
24,472
124.4
3.95
1979
 
9,232
0.372
24,832
126.2
1.47
1980
 
10,180
0.412
24,720
125.6
-0.45
1981
 
11,300
0.449
25,183
128.0
1.87
1982
 
11,999
0.474
25,335
128.8
0.60
1983
 
12,698
0.494
25,716
130.7
1.50
1984
 
13,906
0.512
27,138
137.9
5.53
1985
 
14,755
0.530
27,823
141.4
2.52
1986
 
15,490
0.542
28,588
145.3
2.75
1987
 
16,289
0.559
29,163
148.2
2.01
1988
 
17,455
0.580
30,076
152.8
3.13
1989
 
18,676
0.606
30,833
156.7
2.52
1990
 
19,621
0.632
31,030
157.7
0.64
1991
 
20,030
0.653
30,653
155.8
-1.22
1992
 
21,090
0.671
31,437
159.8
2.56
1993
 
21,733
0.688
31,608
160.6
0.54
1994
 
22,575
0.702
32,162
163.4
1.75
1995
 
23,607
0.717
32,939
167.4
2.42
1996
 
24,771
0.732
33,838
172.0
2.73
1997
 
25,993
0.745
34,900
177.4
3.14
1998
 
27,557
0.751
36,708
186.6
5.18
1999
 
28,693
0.762
37,673
191.5
2.63
2000
 
30,672
0.781
39,278
199.6
4.26
2001
 
31,617
0.797
39,692
201.7
1.05
2002
 
31,839
0.807
39,452
200.5
-0.60
2003
 
32,717
0.824
39,706
201.8
0.64
2004
 
34,280
0.844
40,595
206.3
2.24
2005
 
35,868
0.869
41,286
209.8
1.70
2006
 
38,120
0.893
42,677
216.9
3.37
2007
 
39,883
0.916
43,534
221.2
2.01
2008
 
41,026
0.943
43,495
221.0
-0.09
2009
 
39,356
0.941
41,841
212.6
-3.80
2010
 
40,683
0.957
42,490
215.9
1.55
2011
 
42,747
0.982
43,544
221.3
2.48
2012
 
44,548
1.000
44,548
226.4
2.30
2013
 
44,798
1.014
44,200
224.6
-0.78
2014
 
46,887
1.029
45,571
231.6
3.10
2015
 
48,725
1.031
47,253
240.1
3.69
2016
 
49,613
1.041
47,637
242.1
0.81
2017
 
51,550
1.061
48,607
247.0
2.04
2018
 
53,786
1.083
49,656
252.4
2.16
2019
 
56,250
1.099
51,167
260.0
3.04
2020
 
59,765
1.111
53,772
273.3
5.09
2021
 
64,143
1.156
55,477
281.9
3.17
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_700_PN
 
   
Copyright © 2022. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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